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23 Oct
06:31

Indonesia to cancel tariffs on some Korean steel

The Indonesian government is planning to cancel some tariffs on imported Korean steel after signing the Korea-Indonesia Comprehensive Economic Partnership Agreement (KI-CEPA), Kallanish notes. The KI-CEPA is expected to be officially finalised by the end of 2019 before conducting a signing ceremony at some point in the first half of 2020. Under the deal, South Korea and Indonesia will reduce tariffs on 95.5% and 93% of products, respectively. K…
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